Hi,
Yesterday we had written:” on lower side there is a support at 4740. Break below it will take NF to 4728. If NF breaking this level then next levels are 4696-4680, a last hope for bulls”.
NF made low of 4692.60 and rallied up to 4821.
We
have sent a message to our subscribers when NF was trading around
4700:” NF cmp: 4701. Now more panic only below 4680. Risk of 25-30 pts.
Buy NF here with sl of 4675”. Rest all you know what happened.
Part profit booking is already done in our NF long.
Today’s trading levels for Nifty Future:
Resistance: 4821-4837-4862-4867
Support: 4752-4738-4725-4696-4680-4644
Now
today, on lower side there is a support zone of 4752-4738-4725. Break
below it will take NF to again 4696-4680, a last hope for bulls.
On
upper side 4821-4837 is a strong supply zone. If NF manages to cross
this level too then also 4862-4867 will provide resistance.
Regards,
ANALYSENIFTY TEAM
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